Sources: LafargeHolcim, Chicago; CP staff
LafargeHolcim has acquired the ready mixed and aggregates production assets of Transit Mix Concrete Co., a subsidiary of Continental Materials Corp., in a $27 million deal. Transit Mix has a payroll of 180-plus, serves the Colorado Springs and Pueblo, Colo., markets, and reported adjusted 2017 revenues of $63 million.
“Colorado has been a dynamic and growing market, and Transit Mix Concrete Co. has been a part of that growth,” says LafargeHolcim Region Head North America and Interim U.S. Aggregates and Construction Materials CEO René Thibault. “They are the largest construction materials producer in the Southern Front Range, and this is a great opportunity to expand our business in Colorado.”
The Transit Mix brand will be maintained. Its operations extend the LafargeHolcim reach farther south of Denver, where the company has a strong presence in ready mixed and aggregates through its legacy business, Aggregate Industries, and Metro Mix, acquired in August 2018.